Johnson Matthey increases its 2015 interim dividend by 9%

DividendMax Ltd.

Johnson Matthey increases its 2015 interim dividend by 9%

Highlights

Sales excluding precious metals (sales) increased by 2% to £1.5 billion; at constant exchange rates and adjusting for loss of commission income from Anglo American Platinum Limited (Anglo Platinum) the group's sales grew by 10%

Profit before tax increased by 3%; underlying profit before tax increased by 2%, and 10% at constant rates

Earnings per share (EPS) flat; underlying EPS increased by 4%

Investment in R&D of £80 million, up 10%

Cash flow conversion of 50% (1H 2013/14 68%)

Strong balance sheet; net debt (including post tax pension deficits) / EBITDA of 1.4 times  

Return on invested capital (ROIC) 20.3% 

Interim dividend up 9% to 18.5 pence 

Performance for the full year expected to be slightly ahead of 2013/14

Companies mentioned